InvestorQ : Is it true that S&P expects the Indian economy to grow at 10% in FY22?
Riya Dwivedi made post

Is it true that S&P expects the Indian economy to grow at 10% in FY22?

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shrinidhi Rajan answered.
3 months ago
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S&P Global has pegged India’s GDP growth at 10% for FY22, a notch below the 11% projected by the Economic Survey. This growth will however be on a lower base after the 7.7% contraction in FY21. S&P is betting on agriculture to be a key driver of growth in FY22.

S&P expects India’s banking sector to recover only by FY23 in terms of profitability and asset quality. S&P pointed that the stimulus may have tapered the impact of the pandemic.

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